Pricey Japan is best game in town for U.S. casinos, says KatrinaHamlin:
Casino operators seeking to build a resort in Yokohama have submitted development plans advocating close to $12 billion investment, the city’s authorities announced on May 27.
Multiple operators are willing to spend more than $10 billion to develop a casino resort in Osaka, Tokyo, or Yokohama, according to a note published by Morgan Stanley on May 19, citing a series of recent meetings with major casino companies looking at opportunities in the country. Japan legalised casinos in 2016 and is developing specific regulations for casino resorts at three locations across the country. Las Vegas Sands, Wynn Resorts, MGM Resorts, Melco Resorts and Entertainment, Galaxy Entertainment and Genting Singapore have all expressed interest in developing a complex, according to filings and media reports.
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